Stifel lowered the firm’s price target on Estee Lauder to $125 from $165 and keeps a Buy rating on the shares. The firm updated and reduced its FY25-FY26 sales and EPS estimates to reflect first-time FY25 guidance that came in below expectations and notes that it views FY25 as “a transition year.” The firm views improving fundamentals as “generally achievable, with sales trend most important and improvement likely gradual,” the analyst added.
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